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Chicago corn, soy futures fall on pre-weekend selloff

Published Mar 24, 2025

Tridge summary

Chicago corn, soy, and wheat prices saw a decline on Friday due to concerns about the U.S. economic outlook, with traders eager to exit positions ahead of the weekend and upcoming USDA reports. The selloff was also influenced by uncertainties from tariff disputes, particularly between the U.S. and its trading partners, and the Russia-Ukraine conflict. The strength of the U.S. dollar, which is expected to make U.S. exports more expensive, also impacted grain futures. Meanwhile, the International Grains Council forecasts a rise in global corn production for the 2025/26 season, while China's soybean imports from the U.S. have surged, though it may shift to Brazil due to pricing and trade issues.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chicago corn and soy eased and wheat traded nearly flat on Friday as traders’ concerns about the U.S. economic outlook inspired a selloff ahead of the weekend, according to analysts. The most-active wheat contract on the Chicago Board of Trade settled up 1 cent to $5.58-1/4 per bushel. Soybeans ended down 3-1/4 cents at 10.09-3/4 a bushel and corn slipped 4-3/4 cents to finish at $4.64-1/4 a bushel. “There is so much uncertainty in the market right now over the economy,” said Karl Setzer, a partner at Consus Ag Consulting. “Futures traders are concerned that over the weekend you might see a news story come out and blow up their position, so they’re just exiting everything ahead of it,” he said. Traders are also positioning ahead of March 31, when the U.S. Department of Agriculture will release its grain stocks and prospective planting reports. The data will include estimates for farmers’ planting intentions in 2025. Also being monitored are tariff tussles between the United ...

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